Exxon to make final investment decision for Hammerhead development this year – Routledge 

Must Read

Shikema Dey
Shikema Dey
Shikema Dey is a Senior Research and Content Developer and experienced energy journalist with a strong record in media production and sector-focused reporting. At OilNOW, she produces in-depth coverage of Guyana’s upstream developments, regulatory updates, investment activity, and regional energy trends, delivering analytical reports and feature content for industry and public audiences. Her work is grounded in research, project monitoring, and stakeholder engagement, strengthened by over 10 years of newsroom experience. She has also contributed research-driven analysis on Guyana’s political, security, and business landscape, supporting strategic insight and decision-making. Her reporting interests extend to public infrastructure, agriculture, social issues, national development, and the environment.

The final investment decision for ExxonMobil Guyana’s Hammerhead development is expected to be made by mid-year 2025, its President Alistair Routledge announced today. 

“This is subject to us completing the full environmental permitting process and the production license process,” Routledget said, giving updates at the Guyana Energy Conference day two. 

The Hammerhead Development Project is ExxonMobil’s seventh offshore oil project within the Stabroek Block area. It is targeting production of approximately 150,000 barrels of oil per day (b/d). Once this project comes online in 2029, subject to regulatory approvals, Guyana’s total offshore oil production capacity is expected to surpass 1.4 million b/d.

Hammerhead crude “heavier but still attractive” – Hess

ExxonMobil recently kicked off a 60-comment period for the project.

- ADVERTISEMENT -
ADVERTISEMENT

Partnered Events

Latest News

US$100 per barrel scenario would ‘remove any remaining hesitation’ and speed up Guyana project sequencing – Rystad Energy says

Artem Abramov, Head of Oil and Gas Research at Rystad Energy, said a US$100-per-barrel oil environment would make companies...

More Articles Like This